Working capital strain from solar pump receivables
Trade receivables surged to ~₹160 Cr (from ~₹40 Cr in FY25) due to 90-120 day payment cycle for solar pump segment; only ₹40 Cr collected post-March.
high · analyst_questionAustralian Premium Solar Ltd — Q4 FY26
Australian Premium Solar reported a strong FY26 with revenue of ₹708.74 Cr (+60.7% YoY) and EBITDA of ₹95.6 Cr (+62.6% YoY), driven by robust demand across solar modules, EPC, a...
bullish
high
Financial stats pending filing verification
Risk Intelligence
Material risks this quarter
Concise cards keep the risk register scannable while preserving evidence-level context in the underlying quarter data.
Risks
Solar cell supply risk post-ALMM policy
With ALMM for cells effective June 2026, domestic cell supply is tight (20-25 GW capacity vs 40 GW demand); APS relies on long-term supplier relationships but faces execution risk.
medium · analyst_questionMargin pressure from raw material volatility
Glass and aluminium price increases in H2 FY26 compressed margins by ~2%; while pass-through is practiced, short-term order commitments could impact profitability.
medium · management_commentary